Administrator Account definition
Examples of Administrator Account in a sentence
Instead, the Licensed Software’s Philips Administrator Account functionality is for use only by Philips and its authorized service representatives.
Administrator shall have the right to withdraw funds from the Deposit Account and all owners of the Deposit Account shall execute a revocable standing transfer order (the "Transfer Order") under which the bank maintaining the Deposit Account shall periodically transfer the entire balance of the Deposit Account to a separate bank account owned solely by Administrator (the "Administrator Account").
If an existing Securities Administrator Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Securities Administrator Account that is an Eligible Account within 20 Business Days of notice thereof to the Securities Administrator, and shall transfer all funds on deposit in such existing Securities Administrator Account into such new Securities Administrator Account.
The Master Servicer, at its option, may choose to make daily remittances from the Collection Account to the Securities Administrator for deposit into the Securities Administrator Account.
The Securities Administrator, at its option, may choose to make daily remittances from the Securities Administrator Account to the Trustee for deposit into the Certificate Account.